Cathie Wood’s Ark Invest Launches Space ETF

The ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) began trading Tuesday morning. It’s the latest exchange-traded fund in Cathie Wood’s hugely popular stable of six actively managed ETFs.

The 38 equities in the fund include a lot of the usual suspects–Boeing, Lockheed, Virgin Galactic–along with a number of unusual inclusions–Amazon, Netflix, Alphabet, Workhorse, Deere.

Here’s how Ark defines the securities it plans to invest in:

Orbital Aerospace Companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles.

Suborbital Aerospace Companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet.

Enabling Technologies Companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage.

Aerospace Beneficiary Companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis, and electric aviation vehicles.

According to the Ark website, ARKX’s investment objective is long-term capital growth. The fund “will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation.” The term “space exploration” is defined as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth.”

ARKX’s top holding is Trimble Inc. which accounted for 8.61% of the fund’s holdings at the launch. Trimble is known for its GPS and navigational products which will one day be cornerstones of fully self-driving vehicles. Other companies that fit this category are Deere & Co. (3.17% weight in ARKX) and Raven Industries (1.77% weight). Deere manufactures farming equipment that uses, among other things, Raven’s GPS-guidance steering systems. All three firms are included in Ark’s Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) and Deere and Trimble are among the fund’s top 10 holdings.

Among the other top holdings in ARKX are Ark’s own 3D Printing ETF (PRNT) the second-largest holding with a weight of 6.03%, Kratos Defense & Security with a weight of 5.98%, L3Harris with a weight of 5.12%, and JD.com with a weight of 4.93%. The top 10 holdings account for just over 50% of the fund’s investments.

Here’s a complete list of the companies and weighting currently included in the ARKX ETF. The total value of the fund at launch is just over $4 million and shares were trading at $20.50 about 90 minutes after the opening bell. More than 7 million shares have traded.

CompanyTickerSharesMarket value($)Weight(%)
TRIMBLE INCTRMB4,624 348,094.728.61
THE 3D PRINTING ETFPRNT6,544 244,025.766.03
KRATOS DEFENSE & SECURITYKTOS8,812 241,713.165.98
L3HARRIS TECHNOLOGIES INCLHX1,020 206,896.805.12
JD.COM INC-ADRJD2,440 199,494.404.93
KOMATSU LTD63016,188 188,917.314.67
LOCKHEED MARTIN CORPLMT500 186,395.004.61
IRIDIUM COMMUNICATIONS INCIRDM4,528 171,543.284.24
THALES SAHO1,628 160,003.013.96
BOEING CO/THEBA580 145,301.603.59
NVIDIA CORPNVDA264 136,733.523.38
SPIRIT AEROSYSTEMS HOLD-CL ASPR2,748 132,728.403.28
DEERE & CODE348 128,053.563.17
AMAZON.COM INCAMZN40 123,029.203.04
TERADYNE INCTER940 107,056.602.65
ALPHABET INC-CL CGOOG52 106,909.402.64
TELEDYNE TECHNOLOGIES INCTDY260 105,591.202.61
DASSAULT SYSTEMES SEDSY484 103,885.152.57
GARMIN LTDGRMN U640 83,180.802.06
VIRGIN GALACTIC HOLDINGS INCSPCE2,688 78,516.481.94
RAVEN INDUSTRIES INCRAVN2,048 71,598.081.77
ALIBABA GROUP HOLDING-SP ADRBABA288 66,775.681.65
AIRBUS SEAIR576 66,018.361.63
AEROVIRONMENT INCAVAV552 63,584.881.57
ELBIT SYSTEMS LTDESLT432 60,320.161.49
NETFLIX INCNFLX100 51,395.001.27
HONEYWELL INTERNATIONAL INCHON212 46,402.561.15
HEICO CORPHEI376 46,236.721.14
WORKHORSE GROUP INCWKHS3,212 41,531.161.03
ANSYS INCANSS120 41,067.601.02
TAIWAN SEMICONDUCTOR-SP ADRTSM356 40,722.841.01
SYNOPSYS INCSNPS168 40,397.281
XILINX INCXLNX332 40,580.361
TENCENT HOLDINGS LTD-UNS ADRTCEHY512 40,289.281
MEITUAN-CLASS B3690976 35,208.730.87
AUTODESK INCADSK124 33,576.720.83
REINVENT TECHNOLOGY-CLASS ARTP2,936 30,211.440.75
ATLAS CREST INVESTMENT COR-AACIC2,920 30,046.800.74

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